Trading Strategies

USD/JPY Weekly Outlook

USD/JPY staged a strong rebound after dipping to 102.58 last week. Break of 103.89 resistance suggests short term bottoming on bullish convergence condition in 4 hour MACD. Initial bias is mildly on the upside this week for channel resistance (now at 104.47). Sustained break there will argue that the down trend from 111.71 has finally
The post USD/JPY Weekly Outlook appeared first on Action Forex.

USD/JPY staged a strong rebound after dipping to 102.58 last week. Break of 103.89 resistance suggests short term bottoming on bullish convergence condition in 4 hour MACD. Initial bias is mildly on the upside this week for channel resistance (now at 104.47). Sustained break there will argue that the down trend from 111.71 has finally […]

The post USD/JPY Weekly Outlook appeared first on Action Forex.

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